Solicitation of Nominations for Appointment to the Advisory Committee of the Pension Benefit Guaranty Corporation, 37693-37694 [2019-16422]

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Federal Register / Vol. 84, No. 148 / Thursday, August 1, 2019 / Notices
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For the Nuclear Regulatory Commission.
Dated this 18th day of July 2019.
Scott A. Morris,
Regional Administrator, NRC Region IV.
[FR Doc. 2019–16367 Filed 7–31–19; 8:45 am]
BILLING CODE 7590–01–P
PENSION BENEFIT GUARANTY
CORPORATION
Solicitation of Nominations for
Appointment to the Advisory
Committee of the Pension Benefit
Guaranty Corporation
Pension Benefit Guaranty
Corporation.
ACTION: Notice.
AGENCY:
The Pension Benefit Guaranty
Corporation (PBGC) is soliciting
nominations for appointment to the
Advisory Committee of the PBGC.
DATES: Nominations must be received
on or before September 16, 2019. Please
allow three weeks for regular mail
delivery to PBGC.
ADDRESSES: Nominations must be
submitted to Judith Larsen, Office of the
Director, Pension Benefit Guaranty
Corporation, 1200 K Street NW,
Washington, DC 20005–4026, or as
email attachments to
OfficeOfTheDirector@pbgc.gov. If
sending electronically, please use an
attachment in Word or pdf format.
SUPPLEMENTARY INFORMATION: The
Pension Benefit Guaranty Corporation
(PBGC or the Corporation) administers
the pension plan termination insurance
program under Title IV of the Employee
Retirement Income Security Act of 1974
(ERISA). Section 4002(h) of ERISA
provides for the establishment of an
Advisory Committee to the Corporation.
The Advisory Committee consists of
seven members appointed by the
President from among individuals
recommended by the PBGC Board of
Directors, which consists of the
Secretaries of Labor, Treasury, and
Commerce. The Advisory Committee
members are as follows:
• Two representatives of employee
organizations;
• two representatives of employers
who maintain pension plans; and
• three representatives of the general
public.
SUMMARY:
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37693
No more than four members of the
Committee shall be members of the
same political party. Anyone currently
subject to federal registration
requirements as a lobbyist is not eligible
for appointment.
Advisory Committee members must
have experience with employee
organizations, employers who maintain
defined benefit pension plans, the
administration or advising of pension
plans, or in related fields. Appointments
are for three-year terms.
Reappointments are possible but are
subject to the appointment process.
The Advisory Committee’s prescribed
duties include advising the Corporation
as to its policies and procedures relating
to investment of moneys, and other
issues as the Corporation may request or
as the Advisory Committee determines
appropriate. The Advisory Committee
meets at least six times each year. At
least one meeting is a joint meeting with
the PBGC Board of Directors.
By February 19, 2020, the terms of
two of the Advisory Committee
members representing employee
organizations and one of the Advisory
Committee members representing the
general public will have expired.
Therefore, PBGC is seeking nominations
for three seats.
PBGC is committed to equal
opportunity in the workplace and seeks
a broad-based and diverse Advisory
Committee.
If you or your organization wants to
nominate one or more people for
appointment to the Advisory Committee
to represent employee organizations or
the general public, you may submit
nominations to PBGC. Nominations may
be in the form of a letter, resolution or
petition, signed by the person making
the nomination or, in the case of a
nomination by an organization, by an
authorized representative of the
organization. PBGC encourages you to
include additional supporting letters of
nomination. PBGC will not consider
self-nominees who have no supporting
letters. Please do not include any
information that you do not want
publicly disclosed.
Nominations, including supporting
letters, should:
• State the person’s qualifications to
serve on the Advisory Committee
(including any specialized knowledge or
experience relevant to the nominee’s
proposed Advisory Committee
position);
• state that the candidate will accept
appointment to the Advisory Committee
if offered;
• include which of the positions
(representing interest group) the
candidate is being nominated to fill;
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01AUN1
37694
Federal Register / Vol. 84, No. 148 / Thursday, August 1, 2019 / Notices
• include the nominee’s full name,
work affiliation, mailing address, phone
number, and email address;
• include the nominator’s full name,
mailing address, phone number, and
email address; and
• include the nominator’s signature,
whether sent by email or otherwise.
PBGC will contact nominees for
information on their political affiliation
and their status as registered lobbyists.
Nominees should be aware of the time
commitment for attending meetings and
actively participating in the work of the
Advisory Committee. Historically, this
has meant a commitment of at least 15
days per year. PBGC has a process for
vetting nominees under consideration
for appointment.
Issued in Washington, DC.
Gordon Hartogensis,
Director, Pension Benefit Guaranty
Corporation.
[FR Doc. 2019–16422 Filed 7–31–19; 8:45 am]
BILLING CODE 7709–02–P
PENSION BENEFIT GUARANTY
CORPORATION
Proposed Submission of Information
Collection for OMB Review; Comment
Request; Payment of Premiums
Pension Benefit Guaranty
Corporation.
ACTION: Notice of intent to request OMB
approval of revised collection of
information.
AGENCY:
The Pension Benefit Guaranty
Corporation (PBGC) is modifying the
collection of information under its
regulation on Payment of Premiums
(OMB control number 1212–0009;
expiring June 30, 2021) and intends to
request that the Office of Management
and Budget (OMB) approve the revised
collection of information under the
Paperwork Reduction Act for three
years. This notice informs the public of
PBGC’s intent and solicits public
comment on the collection of
information.
DATES: Comments must be submitted on
or before September 30, 2019.
ADDRESSES: Comments may be
submitted by any of the following
methods:
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the online
instructions for submitting comments.
• Email: paperwork.comments@
pbgc.gov.
• Mail or Hand Delivery: Regulatory
Affairs Division, Office of the General
Counsel, Pension Benefit Guaranty
Corporation, 1200 K Street NW,
Washington, DC 20005–4026.
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SUMMARY:
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All submissions received must
include the agency’s name (Pension
Benefit Guaranty Corporation, or PBGC)
and refer to Payment of Premiums. All
comments received will be posted
without change to PBGC’s website,
http://www.pbgc.gov, including any
personal information provided.
Copies of the revisions to the
collection of information may also be
obtained by writing to Disclosure
Division, Office of the General Counsel,
Pension Benefit Guaranty Corporation,
1200 K Street NW, Washington, DC
20005–4026, or calling 202–326–4040
during normal business hours. TTY
users may call the Federal relay service
toll-free at 800–877–8339 and ask to be
connected to 202–326–4040.
FOR FURTHER INFORMATION CONTACT:
Melissa Rifkin (rifkin.melissa@
pbgc.gov), Attorney, Regulatory Affairs
Division, Office of the General Counsel,
Pension Benefit Guaranty Corporation,
1200 K Street NW, Washington, DC
20005–4026; 202–326–4400, extension
6563. (TTY users may call the Federal
relay service toll-free at 800–877–8339
and ask to be connected to 202–326–
4400, extension 6563.)
SUPPLEMENTARY INFORMATION: Section
4007 of title IV of the Employee
Retirement Income Security Act of 1974
(ERISA) requires pension plans covered
under title IV pension insurance
programs to pay premiums to PBGC. All
plans covered by title IV pay a flat-rate
per-participant premium. An
underfunded single-employer plan also
pays a variable-rate premium based on
the value of the plan’s unfunded vested
benefits.
Pursuant to section 4007, PBGC has
issued its regulation on Payment of
Premiums (29 CFR part 4007). Under
§ 4007.3 of the premium payment
regulation, the plan administrator of
each pension plan covered by title IV of
ERISA is required to file a premium
payment and information prescribed by
PBGC for each premium payment year.
Premium information is filed
electronically using ‘‘My Plan
Administration Account’’ (‘‘My PAA’’)
through PBGC’s website. Under
§ 4007.10 of the premium payment
regulation, plan administrators are
required to retain records about
premiums and information submitted in
premium filings.
Premium filings report (i) the flat-rate
premium and related data (all plans), (ii)
the variable-rate premium and related
data (single-employer plans), and (iii)
additional data such as identifying
information and miscellaneous planrelated or filing-related data (all plans).
PBGC needs this information to identify
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Fmt 4703
Sfmt 4703
the plans for which premiums are paid,
to verify whether the amounts paid are
correct, to help PBGC determine the
magnitude of its exposure in the event
of plan termination, to help track the
creation of new plans and transfer of
participants and plan assets and
liabilities among plans, and to keep
PBGC’s insured-plan inventory up to
date. That information and the retained
records are also needed for audit
purposes.
PBGC intends to modify the 2020
filing and instructions to require that
plans offering a lump sum window 1
separately report the number of
participants in pay status who were
offered and elected a lump sum in
addition to the related current
requirement with respect to participants
not in pay status. This change reflects
recent guidance issued by the Internal
Revenue Service.2 In addition, PBGC
intends to change the reporting period
for risk transfer activity (lump sum
windows and annuity purchases).
Rather than the period falling between
60 days before the prior filing and 60
days before the current filing, the
reporting period will be the prior
premium payment year.
PBGC also intends to modify the filing
instructions for a plan that reports that
a premium filing will be the last for the
plan and checks the ‘‘cessation of
covered status’’ box as the reason.
Currently, such a plan must provide an
explanation as to why they believe
coverage has ceased and then PBGC
typically contacts the plan to verify that
coverage has ceased. PBGC is proposing
to add to the instructions that a plan
that claims cessation of coverage status
should complete a coverage
determination request.
PBGC intends to update the premium
rates and make conforming, clarifying,
and editorial changes to the premium
filing instructions.
The collection of information under
the regulation has been approved
through June 30, 2021, by OMB under
control number 1212–0009. PBGC
intends to request that OMB approve the
revised collection of information for
three years. An agency may not conduct
or sponsor, and a person is not required
to respond to, a collection of
information unless it displays a
currently valid OMB control number.
PBGC estimates that it will receive
31,245 premium filings per year from
1 PBGC’s premium filing instructions define a
lump sum window as a temporary opportunity to
elect a lump sum in lieu of future annuity payments
that is offered to individuals meeting specified
criteria who would not otherwise be eligible to elect
a lump sum.
2 See Notice 2019–18, 2019–13 I.R.B. 915.
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01AUN1

Agencies

[Federal Register Volume 84, Number 148 (Thursday, August 1, 2019)]
[Notices]
[Pages 37693-37694]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-16422]
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PENSION BENEFIT GUARANTY CORPORATION
Solicitation of Nominations for Appointment to the Advisory
Committee of the Pension Benefit Guaranty Corporation
AGENCY: Pension Benefit Guaranty Corporation.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) is soliciting
nominations for appointment to the Advisory Committee of the PBGC.
DATES: Nominations must be received on or before September 16, 2019.
Please allow three weeks for regular mail delivery to PBGC.
ADDRESSES: Nominations must be submitted to Judith Larsen, Office of
the Director, Pension Benefit Guaranty Corporation, 1200 K Street NW,
Washington, DC 20005-4026, or as email attachments to
[email protected]. If sending electronically, please use an
attachment in Word or pdf format.
SUPPLEMENTARY INFORMATION: The Pension Benefit Guaranty Corporation
(PBGC or the Corporation) administers the pension plan termination
insurance program under Title IV of the Employee Retirement Income
Security Act of 1974 (ERISA). Section 4002(h) of ERISA provides for the
establishment of an Advisory Committee to the Corporation. The Advisory
Committee consists of seven members appointed by the President from
among individuals recommended by the PBGC Board of Directors, which
consists of the Secretaries of Labor, Treasury, and Commerce. The
Advisory Committee members are as follows:
Two representatives of employee organizations;
two representatives of employers who maintain pension
plans; and
three representatives of the general public.
No more than four members of the Committee shall be members of the same
political party. Anyone currently subject to federal registration
requirements as a lobbyist is not eligible for appointment.
Advisory Committee members must have experience with employee
organizations, employers who maintain defined benefit pension plans,
the administration or advising of pension plans, or in related fields.
Appointments are for three-year terms. Reappointments are possible but
are subject to the appointment process.
The Advisory Committee's prescribed duties include advising the
Corporation as to its policies and procedures relating to investment of
moneys, and other issues as the Corporation may request or as the
Advisory Committee determines appropriate. The Advisory Committee meets
at least six times each year. At least one meeting is a joint meeting
with the PBGC Board of Directors.
By February 19, 2020, the terms of two of the Advisory Committee
members representing employee organizations and one of the Advisory
Committee members representing the general public will have expired.
Therefore, PBGC is seeking nominations for three seats.
PBGC is committed to equal opportunity in the workplace and seeks a
broad-based and diverse Advisory Committee.
If you or your organization wants to nominate one or more people
for appointment to the Advisory Committee to represent employee
organizations or the general public, you may submit nominations to
PBGC. Nominations may be in the form of a letter, resolution or
petition, signed by the person making the nomination or, in the case of
a nomination by an organization, by an authorized representative of the
organization. PBGC encourages you to include additional supporting
letters of nomination. PBGC will not consider self-nominees who have no
supporting letters. Please do not include any information that you do
not want publicly disclosed.
Nominations, including supporting letters, should:
State the person's qualifications to serve on the Advisory
Committee (including any specialized knowledge or experience relevant
to the nominee's proposed Advisory Committee position);
state that the candidate will accept appointment to the
Advisory Committee if offered;
include which of the positions (representing interest
group) the candidate is being nominated to fill;
[[Page 37694]]
include the nominee's full name, work affiliation, mailing
address, phone number, and email address;
include the nominator's full name, mailing address, phone
number, and email address; and
include the nominator's signature, whether sent by email
or otherwise.
PBGC will contact nominees for information on their political
affiliation and their status as registered lobbyists. Nominees should
be aware of the time commitment for attending meetings and actively
participating in the work of the Advisory Committee. Historically, this
has meant a commitment of at least 15 days per year. PBGC has a process
for vetting nominees under consideration for appointment.
Issued in Washington, DC.
Gordon Hartogensis,
Director, Pension Benefit Guaranty Corporation.
[FR Doc. 2019-16422 Filed 7-31-19; 8:45 am]
BILLING CODE 7709-02-P